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Sep 26, 2012
09/12
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it was president obama that led them through bankruptcy. let's not forget secondly that taxpayers are still on the hook for a $25 billion loss out of an $85 billion investment and let's not forget what you had over the last few years is government policies out of the obama administration that will make the auto industry less competitive in the long run because what they have done is made it harder to manufacture in the united states and harder to create jobs here and if we're going to have a u.s. auto industry that is sustainable in the long run, what mitt romney is committed to, we have to change policy and that's what mitt romney will do. >> the argument might ring hollow to someone who is an auto worker in ohio who is suddenly getting more hours, right, the overtime that he hadn't gotten the last three years. >> well, ultimately that's want because of what the president did. we don't believe it is because of what the president did. we believe it is because of the resilience of the american people. the question is what's going to get the
it was president obama that led them through bankruptcy. let's not forget secondly that taxpayers are still on the hook for a $25 billion loss out of an $85 billion investment and let's not forget what you had over the last few years is government policies out of the obama administration that will make the auto industry less competitive in the long run because what they have done is made it harder to manufacture in the united states and harder to create jobs here and if we're going to have a...
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Jun 18, 2012
06/12
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obama or romney?? kudlow report. >> groupon's about 10.5% higher but the stock is still down almost 50% year to date. >> that's right. groupon shares soaring on the upgrade and the reason for the upglade, fewer concerns about groupon's competition. shares are nearly 11% higher. giving up $18 price target. groupon's rivals. morgan stanley says they just have not gained traction. >> simon, over to you. >> thank you very much. take away time. let's get over to rick for final thoughts. and i guess it's going to be on europe, rick. you know, what wr do we stand now, do you think? >> you know, simon, one of the last guests we had was talking about the problems in europe specifically in greece. . >> a couple of economic results. it's definitely insolvency. and it's definitely going to be an issue that we have to reckon with day in and day out for years and years and years. part of the 20s, part of the 30s and all of the 40s. they are very similar. they are nagging issues with no very easy solutions. they will
obama or romney?? kudlow report. >> groupon's about 10.5% higher but the stock is still down almost 50% year to date. >> that's right. groupon shares soaring on the upgrade and the reason for the upglade, fewer concerns about groupon's competition. shares are nearly 11% higher. giving up $18 price target. groupon's rivals. morgan stanley says they just have not gained traction. >> simon, over to you. >> thank you very much. take away time. let's get over to rick for...
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Feb 3, 2012
02/12
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it is already for the obama administration and it will be for any administration whether it's the obama administration again or romney administration let's assume as a possibility. it's going to be the number one front and center foreign policy challenge, what you do with iran. >> totally agree. >> and the israelis, there are so many different difficulties associated with an attack. we've read about them, heard about them. there's been a lot of reporting lately about it. some of us have had conversations with national -- with defense officials and the like where these development is being done, underground, different facilities, when you ultimately get in there, whether you can successfully pull off a mission which requires refueling, and numerous runs over by the way enemy air space or unless the saudis decide to allow it. you know, there's a lot of key questions. and for their part, i mean, netanyahu and barak have both been saying, not so fast to some at least of the rush to judgment says they're ready to go. they've at least been putting the brakes on it a bit. one has to believe th
it is already for the obama administration and it will be for any administration whether it's the obama administration again or romney administration let's assume as a possibility. it's going to be the number one front and center foreign policy challenge, what you do with iran. >> totally agree. >> and the israelis, there are so many different difficulties associated with an attack. we've read about them, heard about them. there's been a lot of reporting lately about it. some of us...
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Jan 27, 2012
01/12
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obama ticked up in his own poll ratings. more importantly, the right track number has improved to 30% which is pretty low. then you've got the republican primary race where newt gingrich nationally is leading mitt romney by 9 percentage points, 37/28. rick santorum at 18 and ron paul at 12. what we see what lifted gingrich is the sense among republicans he agrees with them more on the issues and republican voters value that more than the electability concerns rommy talks about. he's right to talk about it because the poll shows that romney trails obama only six points, gingrich, rick santorum well into the double digits. we are going to see how this plays out over the next few days. mitt romney has been rising in florida, pounding newt gingrich on television and in the debate last night. romney was especially sharp. he's got a chance to recover some of that lost momentum he suffered in south carolina. >> some have written that romney actually won the nomination last night for all intents and purposes. do you think that's tru
obama ticked up in his own poll ratings. more importantly, the right track number has improved to 30% which is pretty low. then you've got the republican primary race where newt gingrich nationally is leading mitt romney by 9 percentage points, 37/28. rick santorum at 18 and ron paul at 12. what we see what lifted gingrich is the sense among republicans he agrees with them more on the issues and republican voters value that more than the electability concerns rommy talks about. he's right to...
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Jun 15, 2012
06/12
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i'm aman afterers where we are waiting an extraordinary move from the obama administration. at 10:30, we're expecting more details on an immigration plan by the obama administration that would stop deporting younger illegal immigrants who came to the united states under the age of 16 and are currently below the age of 30. this is obviously an election year move that would defect a significant political voting block that's important to the obama administration. the associated press reporting now that this move would affect as many as 800,000 immigrants and the rules would apply to illegal immigrants who would be immune from deportion if they were caught in the united states before they were 16 or younger than 30, have been in the country for at least five continuous years, have no criminal history and have graduated from a u.s. high school, earned a ged or served in the military. this would be a sea change, guys, in u.s. immigration policy and we are awaiting more at the tails on it on a 10:30 korns call later this morning. back to you. >> thank you so much, ayman. >>> high s
i'm aman afterers where we are waiting an extraordinary move from the obama administration. at 10:30, we're expecting more details on an immigration plan by the obama administration that would stop deporting younger illegal immigrants who came to the united states under the age of 16 and are currently below the age of 30. this is obviously an election year move that would defect a significant political voting block that's important to the obama administration. the associated press reporting now...
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Mar 9, 2012
03/12
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. >> coming up first reaction from the obama administration to the unemployment report, we'll talk to hilda solis, and ahead republican presidential candidate ron paul with his perspective on the jobs numbers. >>> and taking a look at futures and how we're setting up this morning, it looks like we'll see a bounce. the dow looking at 29 in the open. more from "squawk on the street" on the way. i look at her, and i just want to give her everything. yeah, you -- you know, everything can cost upwards of...[ whistles ] i did not want to think about that. relax, relax, relax. look at me, look at me. three words, dad -- e-trade financial consultants. so i can just go talk to 'em? just walk right in and talk to 'em. dude, those guys are pros. they'll hook you up with a solid plan. they'll -- wa-- wa-- wait a minute. bobby? bobby! what are you doing, man? i'm speed dating! [ male announcer ] get investing advice for your family at e-trade. >>> coming out with the numbers, first quarter eps of two cents a share, but the big story on carnival is the huge earnings cut, fiscal eps of 140 to 160, t
. >> coming up first reaction from the obama administration to the unemployment report, we'll talk to hilda solis, and ahead republican presidential candidate ron paul with his perspective on the jobs numbers. >>> and taking a look at futures and how we're setting up this morning, it looks like we'll see a bounce. the dow looking at 29 in the open. more from "squawk on the street" on the way. i look at her, and i just want to give her everything. yeah, you -- you know,...
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Jun 14, 2012
06/12
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plus, mitt romney calling president obama's policies antibusiness. we're going to talk to the romney campaign's special economic adviser about their policies and how they differ from obama's. then find out how you can own a piece of apple's history. the very first apple computer ever built is going up for auction tomorrow. we're going to get a first look and see how much it can sell r for. also an exclusive interview with aol's chairman and ceo armstrong. the latest on the proxy fight and a sense of what he's telling shareholders of the company's meeting today. all that have is coming up in the next hour. we'll start with "squawk on the beat." sunoco is close to finalizing a deal with the carlyle group for its philadelphia refinery. kay joins us now with all the details on that. good morning, kate. >> reporter: refineries are appare apparently all the rage. if you're in the airline or private equity business, so carlyle has been talking to sunoco for about two months now about the possibility of taking over this philadelphia refiny. it employs about
plus, mitt romney calling president obama's policies antibusiness. we're going to talk to the romney campaign's special economic adviser about their policies and how they differ from obama's. then find out how you can own a piece of apple's history. the very first apple computer ever built is going up for auction tomorrow. we're going to get a first look and see how much it can sell r for. also an exclusive interview with aol's chairman and ceo armstrong. the latest on the proxy fight and a...
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May 15, 2012
05/12
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even president obama weighed in on the losses. listen in. >> if you think about it, you're one of the best managed banks. you could have a bank that isn't as strong, isn't as profitable making those same bets and we might have had to step in. and that's exactly why wall street reform is so important. >> well, among the proposals to be voted on today, one separating the roles of chairman and ceo both held by dominic and report sourcing people acknowledging the situation. say that dimon's role as chairman is safe. also, shareholders will be voting on a pay plan that made dimon the highest paid big bank ceo last year. and former ceo drew retired yesterday. he ran the unit responsible for those trading lossing. one of the most powerful women on wall street, drew may be subject to claw backs. $18 billion off of jp morgan's trading cap and tarnished by the bank es performance through the financial crisis and by dimon with his reputation as a risk manager. he became the unofficial spokesman on mortgages that contributed to the crisis. no
even president obama weighed in on the losses. listen in. >> if you think about it, you're one of the best managed banks. you could have a bank that isn't as strong, isn't as profitable making those same bets and we might have had to step in. and that's exactly why wall street reform is so important. >> well, among the proposals to be voted on today, one separating the roles of chairman and ceo both held by dominic and report sourcing people acknowledging the situation. say that...
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Oct 12, 2012
10/12
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build businesses where -- i'm for obama. and i'm thinking, does anybody understand how shocking this is to have maybe the greatest business retailer, the steve jobs some say of retailing, saying i'm going for obama because he's better, better for the country, better for business? and steve wynn this morning saying the complete opposite. two great business people reaching different conclusions. >> when it comes to best buy, you've got to remember shall there is that continued possibility of a buyout of best buy from its founder, richard schules. we'll see. that would be a difficult deal to accomplish. but weeks are ticking by, and we'll see whether they can come up with the private equity cash they need to make that happen. don't forget, there will be a large component of financing, even though we have a generous high yield market, that may still be not the easiest thing to accomplish. if you even do get there on the equity check, which is very much unclear. >> i don't know. i would rather buy jp hunt. >> really? >> i think t
build businesses where -- i'm for obama. and i'm thinking, does anybody understand how shocking this is to have maybe the greatest business retailer, the steve jobs some say of retailing, saying i'm going for obama because he's better, better for the country, better for business? and steve wynn this morning saying the complete opposite. two great business people reaching different conclusions. >> when it comes to best buy, you've got to remember shall there is that continued possibility...
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Sep 24, 2012
09/12
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i think obama has a slight lead. when you look at the middle class, obama leads 19% among those who stand up -- who think he stands up best for the middle class. 19%. but if you ask middle class people who they favor, it's even. 4 48-48. and if you ask something called middle class families, married with kids, middle class families give romney a 14-point lead. now, that tells you there's a lot of movement inside these categories. and i think generically the president's taken a slight lead but it's still a real horse race. >> the first debate on october 3rd, how often are they game changers with six weeks left in the cycle? >> you know, my experience is not that often. mostly -- they're so well-rehearsed. they play defense and don't like to make bold statements. now something might really come out of this thing. but i don't see it as kennedy/nixon or reagan/carter. but who knows? those are the two exceptions. but i think mitt romney is an underrated debater. he may not be as sophisticated as president obama, but i wat
i think obama has a slight lead. when you look at the middle class, obama leads 19% among those who stand up -- who think he stands up best for the middle class. 19%. but if you ask middle class people who they favor, it's even. 4 48-48. and if you ask something called middle class families, married with kids, middle class families give romney a 14-point lead. now, that tells you there's a lot of movement inside these categories. and i think generically the president's taken a slight lead but...
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Jul 19, 2012
07/12
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also the romney campaign attacks the obama campaign on the economy. here's a compilation of ads by romney, crossroads gps and by restore our future which are the super pacs attacking romney. >> when the president was elected, he talked about hope and change. whatever happened to hope and change? now it seems he's just coming right out of the box with these old-fashioned, negative ads. >> america's jobless rate just went up again. but after a record 40 straight months of unemployment over 8%, president obama insists -- >> the private sector is doing fine. >> the weakest job-adding quarter in two years. >> it wasn't supposed to be this way. over three years of crushing unemployment. >> you may have noticed some of the footage from the most authoritative business news network there is in that last advertisement, simon, but it's an example of how tv ad makers nowadays are trying to use clips from people like us on television to buttress their own messages. and people in those swing states are getting it heavy duty right now. >> so do you get royalties fro
also the romney campaign attacks the obama campaign on the economy. here's a compilation of ads by romney, crossroads gps and by restore our future which are the super pacs attacking romney. >> when the president was elected, he talked about hope and change. whatever happened to hope and change? now it seems he's just coming right out of the box with these old-fashioned, negative ads. >> america's jobless rate just went up again. but after a record 40 straight months of unemployment...
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Feb 13, 2012
02/12
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and jond tweets, the ceo of the united states, barack obama. why? $15 trillion in the hole and going down on a day when the president will announce his fiscal 2013 budget. he'll speak this morning at 11:00 a.m. eastern time. >>> cramer's "six in 60" a couple of minutes away. but he has some competition this morning. >> we've got our own dog of the dow today. it's squawky the stock-picking cocker spaniel. watch what happens when he's unleashed. we'll be right bark after this pause. ttd#: 1-800-345-2550 ttd#: 1-800-345-2550 let's talk about how some companies like to get between ttd#: 1-800-345-2550 you and your money. ttd#: 1-800-345-2550 at charles schwab, we believe your money should be available ttd#: 1-800-345-2550 to you whenever and wherever you want. ttd#: 1-800-345-2550 which is why we rebate every atm fee worldwide. ttd#: 1-800-345-2550 and why our mobile app lets you transfer funds, ttd#: 1-800-345-2550 execute trades, even deposit checks just by ttd#: 1-800-345-2550 taking a picture, right from your phone. ttd#: 1-800-345-2550 so talk to c
and jond tweets, the ceo of the united states, barack obama. why? $15 trillion in the hole and going down on a day when the president will announce his fiscal 2013 budget. he'll speak this morning at 11:00 a.m. eastern time. >>> cramer's "six in 60" a couple of minutes away. but he has some competition this morning. >> we've got our own dog of the dow today. it's squawky the stock-picking cocker spaniel. watch what happens when he's unleashed. we'll be right bark after...
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May 8, 2012
05/12
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. >> this is a play obama how to do mobile advertising. >> i do this because of at&t wireless. >> a greet group of people on tonight. >> thank you. thank you. and by the way, david. buffet. there are things he does right. and we want to get them on the table. >> yeah. there are plenty of things he does right. first of all, he is able to get deals nobody else can combat. we know that. whether it's ge or goldman. getting it right. bank of america. but, listen, your points were interesting ones. we'll see how his performance continues during the course of this year. and people have said this when w when we made the depth of the cry says. more to come, he could have chosen some stocks. but the stocks have not performed well. >> and the new guy, whoever comes in, there's going to be a very per eent et cranic. >> talk about what we're going to see from you guys during the day today. >> yes, it is. jim has a very dbiting show. i'm going to have the president avisa coming um. >> it's a faux financial everybody loves. >> the day may come when you don't need your credit card anymore. >> we're going
. >> this is a play obama how to do mobile advertising. >> i do this because of at&t wireless. >> a greet group of people on tonight. >> thank you. thank you. and by the way, david. buffet. there are things he does right. and we want to get them on the table. >> yeah. there are plenty of things he does right. first of all, he is able to get deals nobody else can combat. we know that. whether it's ge or goldman. getting it right. bank of america. but, listen,...
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Jun 1, 2012
06/12
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this is a very bad number for the obama white house. i was talking to a democratic political strategy not affiliated with president obama the other day. he said how do you size up this obama romney match up. he said it's going to be close. but if we get back to that path of 170,000 jobs a month, the president is going to eke it out. that's why the white house started out saying it will be long in the making. this is grim news for them and the idea that right at the summertime point, the idea that we would be fully into that spring slow down that we've experienced in 2010 and 2011. it's very worrisoisome from a we house point of view. >> one which is construction, which, basically, is down again this month and hasn't moved over the last 18 months. the other area, as we know, is african americans and hispanics. is there any mileage from mitt romney beginning to talk about stimulus in infrastructure? in essence, what we theed to do is pay people to dig holes and somebody else to come in after them and fill them up again in order to get tho
this is a very bad number for the obama white house. i was talking to a democratic political strategy not affiliated with president obama the other day. he said how do you size up this obama romney match up. he said it's going to be close. but if we get back to that path of 170,000 jobs a month, the president is going to eke it out. that's why the white house started out saying it will be long in the making. this is grim news for them and the idea that right at the summertime point, the idea...
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Oct 24, 2012
10/12
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i think people look at the simple fact in theory at least romney is more pro-business relative to obama. that's good for stocks. it's not that easy. beyond that there's a whole issue of the future of the fed and their commitment to the five-year ranks where they are and under romney that would not be the case. the big thing for us in the election is the bond market. that's highly asymmetric. could be a big loser on romney victory and the stock market has to deal with that even if the risk premium would come down. >> thanks for having us. sounds like jim was listening to the "squawk on the street" discussion we had yesterday on why the romney victory may not be great for stocks. >> cramming in a lot of information in a short period of time. we'll come to you later. you just heard from jim o'neill. still ahead, an exclusive with the man at the head of goldman sachs. that's lloyd blankfein. >> one restaurant stock that's still feeling the love this earning season. we'll talk about panera. for how long can it stay on top of its game? look at those games today. the company's ceo and executiv
i think people look at the simple fact in theory at least romney is more pro-business relative to obama. that's good for stocks. it's not that easy. beyond that there's a whole issue of the future of the fed and their commitment to the five-year ranks where they are and under romney that would not be the case. the big thing for us in the election is the bond market. that's highly asymmetric. could be a big loser on romney victory and the stock market has to deal with that even if the risk...
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Jun 28, 2012
06/12
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the reason is obama, obama care. what you're going to have, i think that's going to set the tone, not what you just mentioned, which is that maybe there will be more jobs created. >> jim, we're going to let you go. thanks for phoning in. >> thank you, guys. appreciate it. >> let's bring in cnbc's john harwood, talk about some of the politics behind this as well. john, we talked about in the last half hour how soon congress could try to repeal. we heard rand paul say that is the next step. how early could a vote come? >> carl, we've heard the week of july 9th from eric cantor, the majority leader, he put out a statement saying the house will vote again to repeal obama care. that vote will go nowhere. it will be instantaneously dead in the senate. it's a gesture on the part of republicans and a reflection of the fact they're going to continue making the argument that this law, which is not overwhelmingly unpopular, but marginally unpopular in the country, is a bad thing, is a tax. that argument, i heard you allude to t
the reason is obama, obama care. what you're going to have, i think that's going to set the tone, not what you just mentioned, which is that maybe there will be more jobs created. >> jim, we're going to let you go. thanks for phoning in. >> thank you, guys. appreciate it. >> let's bring in cnbc's john harwood, talk about some of the politics behind this as well. john, we talked about in the last half hour how soon congress could try to repeal. we heard rand paul say that is...
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Feb 10, 2012
02/12
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some controversy, carl rove and others said thkarl rove and othd this was an endorsement of president obama and he got slammed for it. we gave him time to set the record straight. he sat down and had big defenses are the ad and choice words for karl rove and company. listen in. >> the average man or woman on the street took it for exactly what it was, it was a core message for america, it's half way through the recession, let's work our way out of it. that doesn't mean we were, anybody's endorsing or any particular products or any particular philosophy. i'm surprised that people that are supposed to be intelligent have interpreted otherwise because it's very disappointing when you see that, because the average person seems to get it. >> now clint eastwood is somebody who has spent a lot of time thinking about what's been happening in washington. in the past we spoken out against the auto bail lout and even after doing the chrysler ad we talked to him about the auto bailouts. he does not think taxpayer dollars should go to bail out a company in trouble. having said all of that he thinks the
some controversy, carl rove and others said thkarl rove and othd this was an endorsement of president obama and he got slammed for it. we gave him time to set the record straight. he sat down and had big defenses are the ad and choice words for karl rove and company. listen in. >> the average man or woman on the street took it for exactly what it was, it was a core message for america, it's half way through the recession, let's work our way out of it. that doesn't mean we were, anybody's...
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Apr 26, 2012
04/12
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. >> given the fact that he will be leaving even if obama is reelected, geithner will not be there, isn't he even going to get more political as a result of this in the next several months? >> i'm going to say one thing. he may stay through the debt ceiling and the tax cliff come november and december. there's earnings to that effect. fine, i'm okay with that. i'm not totally anti-geithner. what i'm saying is he's got to pass the debt ceiling, he better quit being partisan. because he's going to have to reach across the aisle for votes. if he wants to get a worry about extending the tax cuts, he's going to have to reach across the aisle. you can't be too political when you're in the state department, the defense department, the treasury. do you see what i'm saying? these are not little weenie political jobs, he needs to pull back. i'm asking him, pull back, timothy geithner, or you'll get in trouble. >> do you think the economy's failure will extend tax cuts? >> i do not. the fed is very loose and he's and i all that, but interestingly in the news conference, i want to note this. bernanke
. >> given the fact that he will be leaving even if obama is reelected, geithner will not be there, isn't he even going to get more political as a result of this in the next several months? >> i'm going to say one thing. he may stay through the debt ceiling and the tax cliff come november and december. there's earnings to that effect. fine, i'm okay with that. i'm not totally anti-geithner. what i'm saying is he's got to pass the debt ceiling, he better quit being partisan. because...
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May 25, 2012
05/12
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. >> so you want to get in now for that period later obama. obama. >> how do the elections play into this and the impact, therefore, on gdp? >> it's a major issue. we have a spring in the u.s. where everything wants to do well. >> if things go well and if the weights come off, there's a lot of good things happening in the u.s. so we need to start employing capital as opportunities prept themselves. f for us, are they going to punt again? that changes everything. if you're going to invest in dividends, they need to be flexible dividend companies. >> let's say you want a dividend payer, but you want more exposure. so how do you make that choice. >> what you can do is fund ways to get income from that if you like that company. or you focus on primarily benefitting from the u.s. >> the average person would say get the global brands that pay dividends and have flexibility. you're still getting a three or four% yield. >> but at the same time, you don't want too much exposure to europe. when you're taking a look at global brands, global europe. >> no
. >> so you want to get in now for that period later obama. obama. >> how do the elections play into this and the impact, therefore, on gdp? >> it's a major issue. we have a spring in the u.s. where everything wants to do well. >> if things go well and if the weights come off, there's a lot of good things happening in the u.s. so we need to start employing capital as opportunities prept themselves. f for us, are they going to punt again? that changes everything. if...
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Apr 20, 2012
04/12
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some good news for president obama, he's up 49-43. a similar six-point edge that he held last month in march. his approval rating is up to 69. good news for mitt romney, he's consolidated support among republican primary voters. 58% of them in march when he was still contesting with rick santorum. now 70%, that's the first step in political recovery as our pollster said yesterday. here are some numbers that are fascinating and set the table for the general election. the issue of likability. 3 to 1, obama has the edge over mitt romney. but obama only has 40-34 sharing your position on the issues. flip that around, romney, on who has good ideas of changing business as usual. that suggest as peter told us we're looking at an election that each candidate has a 50/50 chance to win. >>> want to get the republican response to some of those numbers and talk about some other issues, ranking member of the joint economic committee, senior member of the weiays and means committee. clearly there is the path if the economy is the story. >> you can
some good news for president obama, he's up 49-43. a similar six-point edge that he held last month in march. his approval rating is up to 69. good news for mitt romney, he's consolidated support among republican primary voters. 58% of them in march when he was still contesting with rick santorum. now 70%, that's the first step in political recovery as our pollster said yesterday. here are some numbers that are fascinating and set the table for the general election. the issue of likability. 3...
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Nov 2, 2012
11/12
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the obama administration said the following, obama for america -- let's go to the bank of america statement first. bank of america, we don't discuss client details but this loan has been disclosed as required by federal election commission rules and it is a standard commercial loan at a market competitive rate. that's what they say. i cannot prove that, carl, that it is market competitive rates. obama for america issued the following statement in regards to this loan. the loan was reported in mid-october in our fec chris closure and was covered by the press. it is a line of credit established by the campaign to ensure cash flow flexibility. we have not drawn on it. now, in addition to the obama campaign, mitt romney borrowed some money. he didn't go to the bank of america. went to the bank of georgetown, and he took out a loan of $20 million, the rate even more attractive, 0.045%. that was a loan taken out august 22nd, payable in 2013. there are some differences here because, again, bank of america, a public bank showned by the shareholders, did receive a bailout. a lot of people wonder whe
the obama administration said the following, obama for america -- let's go to the bank of america statement first. bank of america, we don't discuss client details but this loan has been disclosed as required by federal election commission rules and it is a standard commercial loan at a market competitive rate. that's what they say. i cannot prove that, carl, that it is market competitive rates. obama for america issued the following statement in regards to this loan. the loan was reported in...
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Dec 31, 2012
12/12
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obama had offered that, but that appears now not to be on the table. do they in a sense have to do that because this sa forerunner of another negotiation we're going to have to have on the debt ceiling in february, and they're going to save that, if you like? >> i think that they don't really want to tackle these problems. they need also to be tackling medicare, which is the largest source of growth. they need to be thinking about giving seniors options for other kinds of programs other than traditional medicare. as paul ryan has proposed. and have competition between these different programs. and that would lower the cost of medicare, just as costs of lasix and cosmetic surgery has gone down. we need to look at larger solutions to our problems so we don't end up in the situation europe is, or greece with riots, or france with a top 75% tax rate that's driving people offshore. >> the problem may be that paul ryan coming through with solid plans on the deficit issue, and ultimately didn't win the white house. is it possible to have the conversation with
obama had offered that, but that appears now not to be on the table. do they in a sense have to do that because this sa forerunner of another negotiation we're going to have to have on the debt ceiling in february, and they're going to save that, if you like? >> i think that they don't really want to tackle these problems. they need also to be tackling medicare, which is the largest source of growth. they need to be thinking about giving seniors options for other kinds of programs other...
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Nov 15, 2012
11/12
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the next four years as it relates to the obama administration is not positive for stocks. they don't want to say it. they don't want to write it. but you can find it everywhere. the evidence is mounting all over the street that the last two weeks there is a massive outside allocation shift as a result of it. this is what i want to say. i find it very disturbing when people walk into this building, come on air, talk about the portfolios. if you're a loan only manager you have to try to find stocks that are working but, remember, there's nothing wrong with holding cash or saying it like you think it is. i want to point something out here. this is the wellington letter. he writes he's been doing this for 35 years. this is what he said in the edition that came out yesterday. bat ten down the hatches. protect your assets, your business, your job. this is no longer a theoretical exercise. i want to tell you, carl, i find it disgusting that a lot of people are saying that to their clients and they're saying that across the board but they're not putting it in print. if you're sayi
the next four years as it relates to the obama administration is not positive for stocks. they don't want to say it. they don't want to write it. but you can find it everywhere. the evidence is mounting all over the street that the last two weeks there is a massive outside allocation shift as a result of it. this is what i want to say. i find it very disturbing when people walk into this building, come on air, talk about the portfolios. if you're a loan only manager you have to try to find...
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Nov 5, 2012
11/12
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you think obama is going to win. explain. >> i know i have disagreements here. >> there's a lot going on in there. do you even have room in there to pick electoral votes of states. >> i have room to talk about the greatest rookie ever in my fantasy league. total vacuum. i feel all of the -- this is my rap. i say swing states all go for obama and that the horse race is made up of people who are not necessarily polled correctly and i think these states are obama states. i'm just saying if it's a swing state, it goes to obama. >> others would say independents skew toward the challenger. some polls may not reflect enthusiasm. >> so happy when we're no lodngr talking about this. god. sorry. >> i'll talk storm then. >> let's talk about netflix poison pill they just put in. that's big. >> that's a great story. >> of course they got that saying we're going to protect shareholders. make sure everybody is okay. >> you can't firebomb that. i'm willing to firebomb the election as a way to -- i really do believe that the swing st
you think obama is going to win. explain. >> i know i have disagreements here. >> there's a lot going on in there. do you even have room in there to pick electoral votes of states. >> i have room to talk about the greatest rookie ever in my fantasy league. total vacuum. i feel all of the -- this is my rap. i say swing states all go for obama and that the horse race is made up of people who are not necessarily polled correctly and i think these states are obama states. i'm just...
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Nov 8, 2012
11/12
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i think that obama, whether you like him or not, obama said you raise revenue. have a talk. boehner did mention raising revenues but does he have people in the tea party wing this agrees with him? i don't know. what do you think? >> i don't know. i mean, in the meantime, speaking of sort of regulatory issues, jp morgan today with the capital plan they say is regulators say is okay. >> yeah. >> 3 billion buy back in the quarter. next quarter. >> checked with them. that's the stock that came down because romney lost and very hard to relate on the loss versus dividend increase and buy back but i think the overreaction in the banks was considerable yesterday. i look for them to stabilize. >> brings to mind an upgrade today. >> an upgrade of isi and they expect increased dividends and buybacks and every time they buy back shares, the intangible book value goes up. and bank of america was one of those stocks hit very, very hard within the financial sector in yesterday's selloff. down 7%. that was the steep decline. this call this morning, very bullish. $18 a share by 2015. >> i kn
i think that obama, whether you like him or not, obama said you raise revenue. have a talk. boehner did mention raising revenues but does he have people in the tea party wing this agrees with him? i don't know. what do you think? >> i don't know. i mean, in the meantime, speaking of sort of regulatory issues, jp morgan today with the capital plan they say is regulators say is okay. >> yeah. >> 3 billion buy back in the quarter. next quarter. >> checked with them. that's...
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Aug 15, 2012
08/12
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we have to repeal obama care and devastating $716 billion worth of cuts to medicare to pay for obama care. governor romney committed to restoring those cuts. that's going to be a big part of our plan going forward to ensure that seniors have the program they've come to rely on. president obama has decimated the program. it will potentially result in millions of seniors losing the coverage that they like and more than that, many seniors will see up to $3,700 in benefit cuts because of the obama cuts to medicare. again, the contrast between the ryan/romney approach and the obama approach could not be more stark. >> just on a personal note, so much has been written in the past couple of days about how the congressman has put meat on the bones of the romney campaign because he's been much more specific in policy and i think you would agree than the governor has been since the primaries. do you take that as a personal affront as the man responsible for writing the policy on paper? >> you know, i think governor romney from day one of his candidacy has produced the most detailed, most speci
we have to repeal obama care and devastating $716 billion worth of cuts to medicare to pay for obama care. governor romney committed to restoring those cuts. that's going to be a big part of our plan going forward to ensure that seniors have the program they've come to rely on. president obama has decimated the program. it will potentially result in millions of seniors losing the coverage that they like and more than that, many seniors will see up to $3,700 in benefit cuts because of the obama...
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Mar 13, 2012
03/12
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poll, president obama was at 49. but as gas prices continue to rise, this president is going to take a hit. we've seen a relationship between gas prices and presidential approval. this president remains vulnerable in the economy. >> john harwood in washington, talk to you later on and the president speaking at 11:10 eastern time. >>> another twist with the james murdoch story. rebekah brooks arrested for the second time along with her husband. katherine boil is in london. good morning, catherin. >> reporter: good morning, carl. this has brought the tenticles of this scandal heating up again. we're expecting a report from a committee of british mps into the phone hacking scandal and my sources on the committee tell me that they are fighting over whether or not there is evidence or not. rumbling along in the background of all of this is an inquiry into past ethics. there's new revelations coming out every day and let's not forget this could get them in trouble on the europe side of parliament. >> catherine, a lot of th
poll, president obama was at 49. but as gas prices continue to rise, this president is going to take a hit. we've seen a relationship between gas prices and presidential approval. this president remains vulnerable in the economy. >> john harwood in washington, talk to you later on and the president speaking at 11:10 eastern time. >>> another twist with the james murdoch story. rebekah brooks arrested for the second time along with her husband. katherine boil is in london. good...
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May 4, 2012
05/12
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of him sure which one obama is? >> people who are critical of him on wall street, a lot of them are conservative to begin with but politically there are people who feel that he bashes them in public and then in private his advisers try to calm them down, smooth things over. from the white house perspectives, those private meetings are, look, we're not backing down from our policy. we're sorry if you're offended by us criticizing you but we stand by wall street and our regulation and we're not going to back down in public from it. >> yes. and you also make the point that to some degree it's a function of the street not understanding how they actually are perceived by middle america. they don't know how bad their reputation is at this point? >> certainly polls show that. the white house attitude is, you know, you're asking us to defend you and be a solve you. you guys should be happy we're not standing over you with the ax you're so unpopular. if we were going to be populist and political and exploit this, we would be
of him sure which one obama is? >> people who are critical of him on wall street, a lot of them are conservative to begin with but politically there are people who feel that he bashes them in public and then in private his advisers try to calm them down, smooth things over. from the white house perspectives, those private meetings are, look, we're not backing down from our policy. we're sorry if you're offended by us criticizing you but we stand by wall street and our regulation and we're...
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Nov 28, 2012
11/12
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the third aspect is the obama care taxes that are coming. there's a 3.8% increase on capital gains, on dividends, interest income for people making 200,000 or more. that's already coming. that's baked in the cake. what the president wants is an additional tax increase rate increase on the same group of people he's already put a rate increase on in january. we're pushing back saying they are taking a hit in january based on the obama care taxes. why talk about a double tax rate increase? second thing to remember in 2007 we spent a trillion dollars less than we spent this year. the revenue is almost identical. 2007 to this year. the issue is not can we raise more taxes. the issue is we increased spending a trillion dollars and our simple push is to say why don't we look at spending? that's the major issue. we can't keep raising taxes and saying we'll just keep raising taxes as long as we raise spending. we're overspending. everyone is looking at congressional republicans saying what are you going to do on tax? no one is looking at democrats sa
the third aspect is the obama care taxes that are coming. there's a 3.8% increase on capital gains, on dividends, interest income for people making 200,000 or more. that's already coming. that's baked in the cake. what the president wants is an additional tax increase rate increase on the same group of people he's already put a rate increase on in january. we're pushing back saying they are taking a hit in january based on the obama care taxes. why talk about a double tax rate increase? second...
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Oct 4, 2012
10/12
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bush, then barack obama. the fundamental decisions that businesses make particularly domestic businesses are driven really by what's going on with the consumer. and i think the only thing that would worry me is if i really believed that romney and ryan were going to get elected and they were going to come in and dramatically cut government spending, that would lead to a recession, and that would worry me. but i don't think they're going to get elected, but more importantly, i don't think they would do that if they did get elected. nears no republican that ever has. i think ceos are focused on what the consumer is doing, what are their customers doing. and as jim cramer said a little earlier, i think between 23 and 27 minutes of the world's focus was on this last night. the people have moved on to more substantive topics now. >> so the bottom line is that it does not matter for a domestic business who gets elected? when it comes to the fundamental -- >> i think it does matter, but i think it matters because i
bush, then barack obama. the fundamental decisions that businesses make particularly domestic businesses are driven really by what's going on with the consumer. and i think the only thing that would worry me is if i really believed that romney and ryan were going to get elected and they were going to come in and dramatically cut government spending, that would lead to a recession, and that would worry me. but i don't think they're going to get elected, but more importantly, i don't think they...
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Jun 8, 2012
06/12
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president obama is kind of a mix. sometimes he's late for us, other times he'll show up early, unexpected. today, he happens to be late. we were expecting a 10:15 start time for this address on the economy. >> okay, that gives us time to quickly briefly touch on where we are with the markets. the main theme coming out of markets over tonight is this bearishness on commodities and on oil in particular. a bearish view of what bernanke was saying. that's how they interpret it in asia. let's get over to chicago and get more on the markets. the founder of traderoutlook.com. and the cme. good morning. as soon as i saw it, i was like no. >> let's have a call of this. we'll just go over my name. talk to me about oil. these are big losses today. >> yeah, you know, oil's weakness is interesting to me because it's not so much about the commodity's story as it is about the effect it can have in the overall markets and the overall economy. you remember we had a mild winter and that seemed to play into a little bit better consumer
president obama is kind of a mix. sometimes he's late for us, other times he'll show up early, unexpected. today, he happens to be late. we were expecting a 10:15 start time for this address on the economy. >> okay, that gives us time to quickly briefly touch on where we are with the markets. the main theme coming out of markets over tonight is this bearishness on commodities and on oil in particular. a bearish view of what bernanke was saying. that's how they interpret it in asia. let's...
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Mar 5, 2012
03/12
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that lead from obama becomes potentially more sustainable moving forward. or the fear for them would be. >> that's why ohio is so important tomorrow. if mitt romney can win that state, he begins sort of turning the lights out on this race. the race will go on for some time. but people will, will increasingly accept his inevitability as the republican nominee. that will make it easier, give him more latitude. because you're right, simon, as we've seen, as the contest has gone on, and it has involved an intensifying competition for votes on the right, it has alienated votes in the center, among independents, mitt romney has a negative rating right now. republicans have a negative rating, that's a big problem. >> at the same time, in terms of you know, basically obama is running against himself. that sort of notion. historically, what has been the precedent in terms of a sitting president with an improving economy? i would think that historically, that president will win. >> yes, that is it. that is the perfect scenario for a president, when it's really robust
that lead from obama becomes potentially more sustainable moving forward. or the fear for them would be. >> that's why ohio is so important tomorrow. if mitt romney can win that state, he begins sort of turning the lights out on this race. the race will go on for some time. but people will, will increasingly accept his inevitability as the republican nominee. that will make it easier, give him more latitude. because you're right, simon, as we've seen, as the contest has gone on, and it...
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Nov 14, 2012
11/12
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later, yesterday he sat down with president obama and other labor leaders. today he sits down with national education association dennis van roekel joins us to talk about the cliff. i have a cold... i took dayquil, but i still have a runny nose. [ male announcer ] dayquil doesn't treat that. huh? [ male announcer ] alka-seltzer plus rushes relief to all your worst cold symptoms, plus it relieves your runny nose. [ sighs ] thank you! [ male announcer ] you're welcome. that's the cold truth! he's, he's on my back about providing for his little girl. hey don't worry. e-trade's got a killer investing dashboard. everything is on one page. i'm watching you. oh yeah? well i'm watching you, watching him. [ male announcer ] try the e-trade 360 investing dashboard. f we go over the fiscal cliff, how could it affected taxes for everyone? the answer is different groups will be affected very differently. steve liesman has more on the numbers. >> what we do know is if we go over the cliff, no change in what is mandated by those rules. everybody will pay more. we've divide
later, yesterday he sat down with president obama and other labor leaders. today he sits down with national education association dennis van roekel joins us to talk about the cliff. i have a cold... i took dayquil, but i still have a runny nose. [ male announcer ] dayquil doesn't treat that. huh? [ male announcer ] alka-seltzer plus rushes relief to all your worst cold symptoms, plus it relieves your runny nose. [ sighs ] thank you! [ male announcer ] you're welcome. that's the cold truth!...
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Apr 11, 2012
04/12
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>>> we are waiting president obama to address the press. about the buffett's rule about millionaires paying one-third of their income. he is going to bring with him some millionaires and their secretaries. you will recall that buffett said it was wrong he should pay more than his secretary. >> sounds like a gimmick, doesn't it? stocks to watch, about 45 minutes into trading. metlife upgraded from raymond james. we are seeing that stock higher by 1.5%. shares of travelzoo your surging. the company is planning to put itself up for sale. it is in the process of hiring a financial adviser. that's up about 28% right now. initiated by btig with an $11 price started higher by 4.5%. >>> gold stocks, an appalling performer recently. however, it is worth pointing out that on comex, it has had a good run, up more than 450% in the decade. the environment has been somewhat challenging. our next guest expects gold to continue to thrive. frank holmes is the ceo and cio of u.s. global investors. good morning. >> good morning. >> i guess the first quarter h
>>> we are waiting president obama to address the press. about the buffett's rule about millionaires paying one-third of their income. he is going to bring with him some millionaires and their secretaries. you will recall that buffett said it was wrong he should pay more than his secretary. >> sounds like a gimmick, doesn't it? stocks to watch, about 45 minutes into trading. metlife upgraded from raymond james. we are seeing that stock higher by 1.5%. shares of travelzoo your...
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Sep 7, 2012
09/12
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or by candidate obama. and look at the lackluster performance, look at the broken promises. this is not an economic recovery. we are limping along. this is stagnant growth. for every person who got a job, nearly four people stopped looking for a job. that's not a statistic to brag about. look at factories. 15,000 factory jobs lost. 7,500 of those jobs lost from automakers alone. so, carl, what mitt and i are proposing are pro-growth economic policies, an energy policy, tax reform, regulatory reform, clean up the spending problem in washington to prevent a debt crisis. those are the kinds of things that we're proposing, expand markets for our trade. these are the things we need to get growth back in this economy. we have a very serious plan for pro-growth solutions that we think we can get people back to work and really work on this number. >> let me ask you about what the markets are telling you. you like free markets. no one would disagree with what you're saying about this job market in this country. but
or by candidate obama. and look at the lackluster performance, look at the broken promises. this is not an economic recovery. we are limping along. this is stagnant growth. for every person who got a job, nearly four people stopped looking for a job. that's not a statistic to brag about. look at factories. 15,000 factory jobs lost. 7,500 of those jobs lost from automakers alone. so, carl, what mitt and i are proposing are pro-growth economic policies, an energy policy, tax reform, regulatory...
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Dec 19, 2012
12/12
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so we think obama will do well. but it's not our only consideration. >> some of the other names, tim cook obviously gets mentioned a lot. the physicist. are you allowed to dissent like the way jeff lacker dissents? who would have been your pick? >> well, i was part of the group. and, you know, there was dissent within the group. you referred to earlier, yeah, it is one of the best things and the most fun things that we do within the group. but ultimately, it is rick stengel, the managing editor, it is ultimately his pick and what happens in the small council room stays in the small council room. >> jim, thanks so much. great seeing. >> nice to be here. >> jim frederick from "time." >> a battle brewing between facebook's instagram and twitter, and it involves your photos. we've got the details later on. right after the break, steven schoenfeld is here to tell us where your message money is being put to work in 2013. customer erin swenson bought from us online today. so, i'm happy. sales go up... i'm happy. it went ou
so we think obama will do well. but it's not our only consideration. >> some of the other names, tim cook obviously gets mentioned a lot. the physicist. are you allowed to dissent like the way jeff lacker dissents? who would have been your pick? >> well, i was part of the group. and, you know, there was dissent within the group. you referred to earlier, yeah, it is one of the best things and the most fun things that we do within the group. but ultimately, it is rick stengel, the...
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Mar 30, 2012
03/12
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so if i were president obama, i would look at this and say look at these guys. they pay almost nothing and the people at that 1,000 person plant, they're paying at a much higher rate. >> and yet money continues to move into hedge funds. the market is the market. if institutions and pension funds feel that they can get a better return with hedge fundses, that's where the money is going. but we've had so few hedge funds in 2011 that really outperform the broader in-d indices. and if they have one really lousy year, the alignment of interests. manager might have made hundreds of millions of dollars during that point, but if you stayed with them and they had one bad year, you might be flat. >> a lot came in at the top and they really are down. not these guys. you've been a dalio fan for a while. what is he saying? >> he keeps talking about the massive deleveraging that's going on. that's his broad stream. and of course they run their business in a very different way. complete trust. and also telling people exactly what you think about them at all times. interesting
so if i were president obama, i would look at this and say look at these guys. they pay almost nothing and the people at that 1,000 person plant, they're paying at a much higher rate. >> and yet money continues to move into hedge funds. the market is the market. if institutions and pension funds feel that they can get a better return with hedge fundses, that's where the money is going. but we've had so few hedge funds in 2011 that really outperform the broader in-d indices. and if they...
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Sep 12, 2012
09/12
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president obama is speaking in the rose garden right now. let's listen in. >> american diplomats and civilians work tirelessly to advance the interests and values of our nation. often they are away from their families. sometimes they brave great danger. yesterday four of these extraordinary americans were killed in an attack on our diplomatic post in benghazi. among those killed was our ambassador, chris stevens, as well as foreign service officer shawn smith. we are still notifying the families of the others who were killed. and today the american people stand united in holding the families of the four american in our thoughts and in our prayers. the united states condemns in the strongest terms this outrageous and shocking attack. we're working with the government of libya to secure our diplomats. i've also directed my administration to increase our security at diplomatic posts around the world. and make no mistake, we will work with the libyan government to bring to justice the killers who attacked our people. since our founding, the unit
president obama is speaking in the rose garden right now. let's listen in. >> american diplomats and civilians work tirelessly to advance the interests and values of our nation. often they are away from their families. sometimes they brave great danger. yesterday four of these extraordinary americans were killed in an attack on our diplomatic post in benghazi. among those killed was our ambassador, chris stevens, as well as foreign service officer shawn smith. we are still notifying the...
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Sep 25, 2012
09/12
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i remember the first couple of months of the president obama's administration. i ran to the bit, too many things happening too fast. first t.a.r.p., auto industry, stimulus, home modification and the deficits are going up, up, up. so i blew a valve on it. what would it be like to have this president with a lame duck scenario where he has no governor, where he can do without the notion that he has to get re-elected again. do you see this as a big market issue, in terms of dividend taxes, obama care, taxes and higher fees there? >> i most certainly do. i think he's going to try to push his agenda. some people want to look back too the clinton years when he lost big time in the midterms just as obama did. >> november '93. >> clinton gave ground. obama has given no ground. i don't know there's any indication he'll give any ground this time. that's a big mistake if that's the case. i hope not. but it appears that's a real possibility. >> how times have changed. i thought mitt romney had a bit of a -- he could do a bit of a "saturday night live" skit, he had some good
i remember the first couple of months of the president obama's administration. i ran to the bit, too many things happening too fast. first t.a.r.p., auto industry, stimulus, home modification and the deficits are going up, up, up. so i blew a valve on it. what would it be like to have this president with a lame duck scenario where he has no governor, where he can do without the notion that he has to get re-elected again. do you see this as a big market issue, in terms of dividend taxes, obama...
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Nov 29, 2012
11/12
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obama/boehner comments about a possible agreement. geithner with congressional leaders would set up any kind of good news for a euro to push through that 1.30 level. >> what are your levels? >> i like to go long. actually, i just bought euro literally in my hand held before i sat down at 1.29.70. you want to look for a push through that november triple top high over 1.30. we could target the 1.30, 1.40, the high from october. traditionally in the technical analysis world we have a triple top setting up. those do not hold. i like the trade up towards a test of that october high. >> i'm surprised you don't think the yen is a better trade at the moment. there's a lot of chatter everywhere else about it. >> it's a great point, simon. you know, the boj is doing everything they can to end their 13, 15-year deflationary cycle. my thought on that is you don't get hit by the train you see coming. i feel like the market is so focused on the short yen trade, i think it could work in the short term. you could pair a euro long like i'm talking abo
obama/boehner comments about a possible agreement. geithner with congressional leaders would set up any kind of good news for a euro to push through that 1.30 level. >> what are your levels? >> i like to go long. actually, i just bought euro literally in my hand held before i sat down at 1.29.70. you want to look for a push through that november triple top high over 1.30. we could target the 1.30, 1.40, the high from october. traditionally in the technical analysis world we have a...
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Oct 23, 2012
10/12
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the second debate was about obama getting up off the canvas and engaging him. the third debate, i don't think, changed anybody's minds. i call it a draw. >> so this was a catch-up. we know the president well. and after the first debate, the candidate was made known to a wider audience. at that point forward, really, it seemed like the debates changed very little. jeff carter, as always, thank you. >> just over an hour from now at the california theater in san jose, apple will likely unveil an ipad mini. we will talk to one of tech's biggest insiders about what he's expecting from today's big event. [ male announcer ] when it comes to the financial obstacles military families face, we understand. at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] ♪ [ male announcer ] life brings obstacles. usaa brings advice. call or visit us online. we're ready to help. >>> the dow down 242. some stoc
the second debate was about obama getting up off the canvas and engaging him. the third debate, i don't think, changed anybody's minds. i call it a draw. >> so this was a catch-up. we know the president well. and after the first debate, the candidate was made known to a wider audience. at that point forward, really, it seemed like the debates changed very little. jeff carter, as always, thank you. >> just over an hour from now at the california theater in san jose, apple will likely...
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Apr 10, 2012
04/12
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obama is campaigning against ryan as a result of the budget personally. do they put him on the ticket as vice president, or does the gop leave him to sort it out in november. and a suggestion in one of the columns that you wrote that ultimately it could be the end of his leadership career because of the gop and the compromises he would have to make. >> that's what jim cooper told me, he is a great guy. he said the more visible you become, the less you can put your neck out there and take big stands. i don't know what republicans should do, but i know that the democrats should be careful about how much they criticize ryan. he is looking like a hero, mr. willing to put himself out there and touch these difficult issue website and he is being talked of as a vice presidential candidate possibly this year. so far these are backfired as far as i can tell. >> what about apple then, jim, we crossed $600 bill in market capitalization in the last 35 minutes or so. a moment in time? >> it's amazing. it's up 20% since i warned that at $2500 billion, the law of large
obama is campaigning against ryan as a result of the budget personally. do they put him on the ticket as vice president, or does the gop leave him to sort it out in november. and a suggestion in one of the columns that you wrote that ultimately it could be the end of his leadership career because of the gop and the compromises he would have to make. >> that's what jim cooper told me, he is a great guy. he said the more visible you become, the less you can put your neck out there and take...
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Nov 16, 2012
11/12
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president obama won on tuesday last. the speaker of the house congratulated him and lid out a pathway for the president to lead the nation on how to avoid the fiscal cliff and transform us in to the world class status we want to stay and maintain. so far i think the language is good. there's opportunities i think to find common ground. there's no voices on the republican side really saying let's go over this fiscal cliff. instead, let's find a remedy and move forward. >> we've already gotten a trial balloon of sorts this morning from the journal talking about various talks within the white house to revamp a sequester. as we go our way in to thanksgiving, obviously, a holiday week, a shortened week, how attuned is your radar to some of these trial balloons and which do you think are going to resonate? >> we are all very attuned to when's going on but remember the house of representatives already acted on these -- both of these issues relating to the fiscal cliff by arguing to extend the current rates for another year and
president obama won on tuesday last. the speaker of the house congratulated him and lid out a pathway for the president to lead the nation on how to avoid the fiscal cliff and transform us in to the world class status we want to stay and maintain. so far i think the language is good. there's opportunities i think to find common ground. there's no voices on the republican side really saying let's go over this fiscal cliff. instead, let's find a remedy and move forward. >> we've already...
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Dec 18, 2012
12/12
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we know the obama administration wants to go back to the 2009 level. that raises $100 billion, as far as we know. the gop does not want to do that. okay. you've been through the math. now let's total it up. what are the differences here? on one measure this is pretty much the democrat's measure. it's a $200 billion difference. again, only on revenue. add back that 95 billion that the gop says and it's a $300 billion difference. carl, all i can tell su that we're working the phones hard on the spending side and we have the administration trying to get a bit more about how they would do it. this right now, one more look, 200 apart by the dems measure and 295 on the gop measure when it comes to revenue. that should help people begin to price how close they are in coming to a deal. >> steve, two things come to me. one is the perfect being the enemy of the good and -- >> the what? >> the comments this morning about the light at the end of the tunnel. it doesn't look like a large difference. >> it doesn't but the question becomes the $95 billion which i can
we know the obama administration wants to go back to the 2009 level. that raises $100 billion, as far as we know. the gop does not want to do that. okay. you've been through the math. now let's total it up. what are the differences here? on one measure this is pretty much the democrat's measure. it's a $200 billion difference. again, only on revenue. add back that 95 billion that the gop says and it's a $300 billion difference. carl, all i can tell su that we're working the phones hard on the...
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Apr 17, 2012
04/12
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obama talks about energy speculation and traders. these are the same traders that push that to a low. so it's not affected by that, what he's calling speculation in these markets. what it is is a deflexion of his failed energy policy right now. he says we want to be energy independent, but he kills the keystone pipeline. he says we want to be energy independent, but he kills one in the gulf. >> he said this is one factor in rising gas prices, not the only factor. he talked about things overseas about what we see in terms of oil prices and therefore in terms of gasoline prices. what you're saying is when you look at the cftc data and the interest we're seeing in this marketplace from money managers,imanagers, it's rising in natural gas, too, and the price are very diverge he not. >> specifically, new epa regulations has caused refineries to shut down. it costs more to refine, to bring it to the northeast. that's another one of his failed policy. i should just say no energy policy. >> that's his opinion, of course, but many traders on
obama talks about energy speculation and traders. these are the same traders that push that to a low. so it's not affected by that, what he's calling speculation in these markets. what it is is a deflexion of his failed energy policy right now. he says we want to be energy independent, but he kills the keystone pipeline. he says we want to be energy independent, but he kills one in the gulf. >> he said this is one factor in rising gas prices, not the only factor. he talked about things...
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Aug 20, 2012
08/12
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a 49-state sweep for obama. >> everybody is making the same bet. they are not going out here on a limb. this is really the trend and they are saying, we've got to get in front of it. we've got to buy the assets because the other assets are also in play. >> one of the smartest people in the industry had to do this for wellpoint. i like the fact that aetna recognizes the future. a lot of people thought that maybe they didn't get it. they didn't get that obama care is the law of the lamb when justice roberts, who privately is telling people, listen, dint want to deny 50 million people health care. he didn't want to be the chief justice that took that law back. >> a couple other names to watch are sentine. they could possibly be out there. they are certainly talked about with targets with commercial insurers getting deeper into insurance. those are number names to watch. >> i hate to recommend when they don't have the fundamentals. >> there were huge drops, texas problem, i think, down 30% in one day. >> dogs won't eat that one. you can put any label o
a 49-state sweep for obama. >> everybody is making the same bet. they are not going out here on a limb. this is really the trend and they are saying, we've got to get in front of it. we've got to buy the assets because the other assets are also in play. >> one of the smartest people in the industry had to do this for wellpoint. i like the fact that aetna recognizes the future. a lot of people thought that maybe they didn't get it. they didn't get that obama care is the law of the...
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Sep 14, 2012
09/12
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with the elderly and obama care. this is a google situation. i like that a lot better. >> i like that better. a lot more optimistic rather than thinking of getting old and decrep decrepit. >>> apple hitting record highs. pre-orders for the iphone 5 begin. shipping expectations have been shifted from one week to two. it took 22 hours for the 4s to sell out of its preorder and 20 hours and 7 seconds to sell out the iphone 4. did drexler get his phone? i wonder. it is selling out that quickly. >> i would point out, now we're seeing these derivatives trading on the arm holdings. here's a great one. western digital puts out a horrible number. >> it was a dividend. >> apropos of the dow, here we have some technology stocks that are so -- you have intel and microsoft, very old tech. apple obviously if we're going to start measuring a sellout by hours we're dealing with -- paul krugman would acknowledge. >> the "i" economy is the u.s. economy. it's a lot more cash on the balance sheet, that's for sure. >>> all right. let's get to rick santelli at the c
with the elderly and obama care. this is a google situation. i like that a lot better. >> i like that better. a lot more optimistic rather than thinking of getting old and decrep decrepit. >>> apple hitting record highs. pre-orders for the iphone 5 begin. shipping expectations have been shifted from one week to two. it took 22 hours for the 4s to sell out of its preorder and 20 hours and 7 seconds to sell out the iphone 4. did drexler get his phone? i wonder. it is selling out...
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Sep 5, 2012
09/12
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the other one is the move from obama's speech from the bank of america stadium. large football field, 65,000 seats into this arena where i'm standing right now where less than half that many people can be accommodated. democrats got soaked last night walking a couple blocks from their hotels to this arena. they didn't want to take the chance of having their event over shadowed, wrecked by a rain storm, thunderstorm perhaps. the rahm emanuel news is interesting because democrats have been having trouble raising super pac funds to compete with the republican super pacs so rahm emanuel left his role as a chairman of the obama campaign mostly ceremonial to do some of the hard work of raising money. rahm emanuel has been very good at that for a long time. he was a top fundraiser for bill clinton in 1992. as for what happened last night of course we had michelle obama making the case for her husband and by all accounts republicans and democrats she had a very effective speech. part of it was rebutting mitt romney without even mentioning his name, that is because she to
the other one is the move from obama's speech from the bank of america stadium. large football field, 65,000 seats into this arena where i'm standing right now where less than half that many people can be accommodated. democrats got soaked last night walking a couple blocks from their hotels to this arena. they didn't want to take the chance of having their event over shadowed, wrecked by a rain storm, thunderstorm perhaps. the rahm emanuel news is interesting because democrats have been having...
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Feb 29, 2012
02/12
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that of course was our president, barack obama. so i suggest to the ranking member, when convenient, he first debate the president on the subject before he debates us. and i would ask this simply, mr. chairman, even if we cut the pentagon by 25%, make it 50%, have we solved the long-term structural debt crisis in our nation? yes, that's to you. >> you refer specifically to health care an area where costs have been going up faster than gdp. the output of the health care industry is not that market edly better than other countries. not only for fiscal issues but private sector productivity it's an important issue to address. as a matter of arithmetic, it's true over time an increasing share of the totally outlays will be going to medicare, medicaid and it's important to address that. >> page 7 of your testimony, in dealing with your dual mandate, you say the maximum level of employment in an economy is largely determined by nonmonetary factors. my remaining time, i want to pursue this theme, i certainly agree with the assessment, but
that of course was our president, barack obama. so i suggest to the ranking member, when convenient, he first debate the president on the subject before he debates us. and i would ask this simply, mr. chairman, even if we cut the pentagon by 25%, make it 50%, have we solved the long-term structural debt crisis in our nation? yes, that's to you. >> you refer specifically to health care an area where costs have been going up faster than gdp. the output of the health care industry is not...
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Oct 17, 2012
10/12
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>> i think obama decided to be more aggressive. romney was pretty aggressive himself. he did well in that debate. what was new about this debate, obama showing up, taking the fight to romney, new attacks we hadn't heard before. i think that's what made it a debate that would benefit him more than it benefited romney, though probably not as much as romney benefited from the first debate. the essence of this thing was in your face engagement. i want to give you three little slices that have experience. the first was when mitt romney directly challenged the president on his record on coal and oil and gas. >> in the last four years, you cut permits and licenses on federal land and federal waters in half. >> not true, governor romney. >> how much did you cut them by? >> not true. >> by how much did you cut them? >> governor, we have actually produced more oil. >> then you had president obama going after mitt romney on china, said that mitt romney is the last person to crack down on china because of his own investments in chinese companies, stemming from his private sector w
>> i think obama decided to be more aggressive. romney was pretty aggressive himself. he did well in that debate. what was new about this debate, obama showing up, taking the fight to romney, new attacks we hadn't heard before. i think that's what made it a debate that would benefit him more than it benefited romney, though probably not as much as romney benefited from the first debate. the essence of this thing was in your face engagement. i want to give you three little slices that have...